HRB's MACD is set to issue another buy signal with one more up
day like Friday's. Support has come in at $59 and resistance
should be showing up at $61. Traders looking to initiate
positions in HRB could do so on a break over $61.75 on volume of
at least 600,000 shares. Volume is key on this break, so don't
cheat if volume is lacking.

Monday's Update:

Traders listening to our Sunday update on HRB are already sitting
on some gains. HRB did in fact breakout above resistance at
$61.75 and on even greater volume than we anticipated. HRB
traded 700,000 shares on Monday, which is a sure sign that
institutions are still on the hunt. In addition, the pop above
resistance was enough to cause the MACD to issue another buy
signal. Traders looking to get into HRB at this point could do
so on a pullback and subsequent bounce off of $61.75, or a break
above today's high of $62.50 on volume of at least 600,000
shares. We will probably move our stop up to $59.25 tomorrow to
protect some gains, but for now our stop remains at $58.40.